Cornerstone OnDemand, Inc. CSOD Income Statement

Cornerstone ondemand, inc. (CSOD)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenue
150,136	149,594	144,952	141,860	140,117	138,247	134,014	132,517	133,113	131,956	121,796	116,651	111,582	109,029	107,758	107,013	99,324	95,862	87,271	82,563	73,955	76,373	68,318	61,468	57,409	54,856	48,270	44,346	37,657	36,426	30,768	26,718	24,002	22,386	20,019	14,870	15,747	12,289	10,613
Cost of revenue
41,924	38,166	37,167	40,187	33,695	34,793	36,171	36,365	37,020	37,889	35,708	35,321	33,949	34,778	33,369	35,955	31,650	30,063	27,246	27,893	24,662	23,497	19,374	17,409	17,404	15,488	13,644	13,164	11,252	10,722	9,135	7,890	6,844	6,382	5,371	4,953	4,579	3,898	3,163
Gross profit
108,212	111,428	107,785	101,673	106,422	103,454	97,843	96,152	96,093	94,067	86,088	81,330	77,633	74,251	74,389	71,058	67,674	65,799	60,025	54,670	49,293	52,876	48,944	44,059	40,005	39,368	34,626	31,182	26,405	25,704	21,633	18,828	17,158	16,004	14,648	9,917	11,168	8,391	7,450
Operating expenses:
Sales and marketing
55,330	56,722	57,815	58,691	54,505	52,354	53,215	59,821	59,245	60,750	60,554	62,073	56,894	57,405	53,690	57,835	56,701	56,367	53,255	51,446	45,958	46,293	41,512	39,608	35,139	31,852	28,601	26,274	23,010	21,280	18,624	17,422	16,237	13,529	11,531	10,868	9,845	6,955	6,580
Research and development
24,085	23,373	25,695	24,337	27,746	24,967	19,705	16,325	15,984	17,491	16,389	14,684	13,411	12,050	12,130	11,782	11,015	10,784	10,457	9,983	9,767	9,283	7,552	6,900	6,883	5,893	5,716	5,232	4,419	4,261	4,101	3,431	3,093	2,541	2,670	2,616	2,322	1,403	1,141
General and administrative
24,725	20,750	20,562	22,239	22,940	23,535	23,128	22,101	21,985	19,723	21,249	23,141	20,476	19,345	18,608	16,538	16,465	13,332	13,194	12,260	11,091	11,317	9,576	10,455	10,454	9,215	8,261	7,530	8,566	7,566	6,600	5,792	5,954	4,545	3,439	3,585	3,553	2,434	1,700
Restructuring
-	-	0	0	-	0	221	1,000	7,725	1,539	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of certain acquired intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	150	150	150	150	150	153	211	213	251	251	251	251	251	251	251	237	0	0	0	0	0	-	-
Total operating expenses
110,951	100,845	104,072	105,267	105,191	100,856	96,269	99,247	104,939	99,503	98,192	99,898	90,781	88,800	84,428	86,155	84,331	80,633	77,056	73,839	66,966	67,046	58,851	57,176	52,727	47,211	42,829	39,287	36,246	33,358	29,576	26,882	25,284	20,615	17,640	17,069	15,720	10,792	9,421
(Loss) income from operations
-2,739	10,583	3,713	-3,594	1,231	2,598	1,574	-3,095	-8,846	-5,436	-12,104	-18,568	-13,148	-14,549	-10,039	-15,097	-16,657	-14,834	-17,031	-19,169	-17,673	-14,170	-9,907	-13,117	-12,722	-7,843	-8,203	-8,105	-9,841	-7,654	-7,943	-8,054	-8,126	-4,611	-2,992	-7,152	-4,552	-2,401	-1,971
Other income (expense):
Interest income
1,728	1,924	2,078	2,186	1,990	1,653	1,659	2,665	1,819	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	1	1
Interest expense
5,501	5,416	5,399	5,378	5,366	5,350	5,335	8,791	8,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	84	121	94	143	-	-	-	-	298	218
Change in fair value of preferred stock warrant liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	0	-42,559	-19,635	-3,170
Withdrawn secondary offering expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	555	0	0	-	-
Other, net
-7,092	2,804	-1,018	-1,105	-597	-1,069	177	-2,250	44	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	82	139	-420	239	-	-	-	-	136	-49
Other expense, net
-10,865	-688	-4,339	-4,297	-3,973	-4,767	-3,499	-8,376	-6,837	-3,260	-2,248	-2,333	-2,492	-3,756	-2,131	-2,350	-1,051	-3,618	-2,986	-3,713	-5,311	-3,672	-4,226	-3,315	-2,915	-	-	-	-	-2	18	-514	96	-	-	-	-	-19,796	-3,436
Loss before income tax provision
-13,604	9,895	-626	-7,891	-2,742	-2,169	-1,925	-11,471	-15,683	-8,696	-14,352	-20,901	-15,640	-18,305	-12,170	-17,447	-17,708	-18,452	-20,017	-22,882	-22,984	-17,842	-14,133	-16,432	-15,637	-10,852	-10,950	-8,819	-9,933	-7,656	-7,925	-8,568	-8,030	-4,907	-4,225	-7,028	-47,559	-22,197	-5,407
Income tax provision
200	490	600	900	700	1,004	500	500	533	308	503	364	571	313	218	141	535	391	132	380	278	324	178	200	153	-97	104	-136	1	-239	-298	-334	82	49	52	46	34	10	29
Net loss
-13,775	9,432	-1,217	-8,805	-3,464	-3,173	-2,447	-12,007	-16,216	-9,004	-14,855	-21,265	-16,211	-18,618	-12,388	-17,588	-18,243	-18,843	-20,149	-23,262	-23,262	-18,166	-14,311	-16,632	-15,790	-10,755	-11,054	-8,683	-9,934	-7,417	-7,627	-8,234	-8,112	-4,956	-4,277	-7,074	-47,593	-22,207	-5,436
Accretion of redeemable preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	0	5,208	2,719	1,241
Net loss attributable to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,417	-	-	-	-4,956	-4,277	-7,074	-52,801	-24,926	-6,677
Net loss per share, basic and diluted (USD per share)
-0.22	0.16	-0.02	-0.15	-0.06	-0.05	-0.04	-0.21	-0.28	-0.16	-0.26	-0.37	-0.29	-0.33	-0.22	-0.32	-0.33	-0.35	-0.37	-0.43	-0.43	-0.34	-0.27	-0.31	-0.30	-0.21	-0.21	-0.17	-0.20	-0.15	-0.15	-0.17	-0.16	-0.10	-0.09	-0.15	-3.65	-2.67	-0.78
Weighted average common shares outstanding, basic and diluted (in shares)
61,631	60,836	60,652	59,715	59,141	58,649	58,699	57,844	57,425	57,826	57,627	56,935	56,642	56,300	55,964	55,278	54,827	54,551	54,260	53,987	53,876	53,660	53,423	53,197	52,726	52,185	51,544	51,153	50,798	50,486	50,163	49,763	49,384	48,597	48,018	47,765	14,453	9,323	8,550
Acquisition-related costs
6,811	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-